How to Buy Silver Bullion

Market fluctuations, the devaluation of the US Dollar, the global economic collapse… these are just a few of the reasons why investors must diversify their investment portfolios and turn to tangible assets such as precious metals as a way to protect their wealth and lower their portfolio risk.

As a time-tested store of wealth, silver bullion has long been used to protect investors against inflation, geopolitical uncertainty and other catastrophic events within the financial system.

How to Buy Silver Bullion Bars

When buying silver bullion, investors can purchase silver bullion bars in many different sizes. The industry standard silver bullion bar is the 1,000 troy once, pure .999 fine silver bar, often called the “good delivery” or industrial bar. As the largest silver bullion bar commonly available, the 1,000-ounce silver bullion bar is an attractive option for investors looking for the lowest possible price-per-ounce for pure silver bullion.

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Silver bullion is also available in 100-ounce bars, ten-ounce bars and one-ounce bars. These bars typically trade with a small per-ounce premium above the per-ounce price of the 1,000-ounce bar. Many investors actually prefer the 100-ounce bar, as it is easier to store, stack, handle and transport.

Smaller sized silver bullion bars, such as the ten-ounce bar and the one-ounce bar, tend to carry higher per-ounce premiums than the larger 100-ounce and 1,000-ounce silver bars, although owning the smaller bars is of course a way to “divide up” your holdings when you want to sell or trade only a part of your silver.

As with all types of investments, choosing where to buy silver bullion and locating a reputable dealer when deciding to purchase silver bars is an extremely important decision. Established dealers offer silver bullion bars that are refined and produced by recognized manufacturers and refiners, offering some protection against counterfeiting.

Silver investors should expect to pay an assay fee when buying or selling silver bullion through a dealer to ensure the purity and authenticity of the asset. These assay checks determine the legitimacy of the metal, assuring the safety of both parties..

When buying silver bullion, and selling it as well, it is important to understand that the transactions are taxable events. You should consult a tax professional to determine how your personal tax liability could be impacted.

Additional Ways to Purchase Silver Bullion

Silver bullion bars are not the only way to invest in pure silver bullion. By purchasing silver bullion coins, investors can own pure silver bullion that is easy to hold, divide and trade. All silver bullion coins are issued by government mints, meaning they are legal tender in the country in which they are produced, and thus, the coins' metal content and purity are guaranteed. Other silver “rounds” are not issued by government mints, and as such, are not technically “coins.” Most silver bullion coins are one troy ounce of .999 fine silver bullion, ensuring quality and consistency.